| Bank lending grows 9.6 % | 19-NOV-09 |
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| Bank lending rose by Rs 23,147 crore during the 14-day period ended November 6, unlike a contraction seen in the previous fortnight. |
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| Govt may penalise oil cos failing to blend 5% ethanol | 13-NOV-09 |
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| The government has asked oil companies to sell petrol mixed with 5 per cent of ethanol and warned of imposing heavy penalties on those not adhering to this directive. "The Cabinet has taken a firm decision and made compulsory for oil companies to blend 5 per cent ethanol in petrol. |
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| OilMin gets to work on sale of ethanol-blended petrol | 13-NOV-09 |
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| A day after receiving a rap from the Union Cabinet, Oil Minister Murli Deora today called a meeting of fuel retailers and sugar millers to ensure compliance with a programme to sell ethanol-doped petrol. |
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| CCEA asks oil ministry to ensure 5% ethanol blending by OMCs | 12-NOV-09 |
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| The government today asked the Petroleum Ministry to ensure that oil companies compulsorily sell petrol doped with 5 per cent ethanol. In November 2006, the government had mandated that ethanol should be blended in a 5 per cent ratio with petrol to be sold throughout India except in areas like North Eastern states and Jammu and Kashmir. |
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| RBI nod not must for rural expansion | 28-OCT-09 |
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| Banks will no longer need permission of the Reserve Bank of India (RBI) to open branches in rural and semi-urban centres, officially termed Tier-3 to Tier-6 centres. |
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| Rational, not administered | 23-OCT-09 |
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| The benchmark prime lending rates that banks use to offer a signpost to their lending rate structures have lost much of their significance and utility, thus prompting a study by the Reserve Bank of India (RBI) of what has been happening and inviting public discussion on proposals for a new system of base rates. The benchmark rates, which should reflect changes in the policy rates of RBI, have ceased to do so. Besides, sub-benchmark rates now abound, despite benchmark rates being based on the logic of prime lending rates which only the best customers of banks get. A key fallout from the present system is that retail customers of banks borrowing on floating rates, linked to benchmark rates, often do not see a positive impact on their rates of the RBI signalling a downward movement in interest rates. |
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| Under the rug | 22-OCT-09 |
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| China bank regulation: China’s Olympian lending spree will leave banks with bad debts that could take years to work through. Or will it? A Chinese bank regulator has suggested the fallout from this year’s $1.3 trillion of loans might not be so bad. Lenders just need to make use of two primitive types of financial engineering: rolling over bad loans and parcelling them up for sale to other investors. |
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